- Source, The Wall St Coach
Wednesday, September 29, 2021
The Principal Points of Markets & Life with Jim Rogers
Saturday, September 25, 2021
Wednesday, September 22, 2021
Jim Rogers: Crisis & Opportunity Are the Same Thing
Jim Rogers is his name & we actually had him on the show a few years ago & are fortunate enough to get him back for another episode.
If you don’t know who Jim is I suggest you Google him right now & you will start to see why I am so excited to chat with him again.
Jim is one of the most seasoned international investors on the planet & I’ll give you a brief outline to give you an idea about his expertise.
- Source, Chris Reynolds
Friday, September 17, 2021
Deepening opening-up gives Chinese market better prospects: Jim Rogers
In the rapidly changing financial market, perhaps only one thing is certain - differences of opinion. Every day there are people buying and some others selling no matter what the market is. Last week, a split erupted between some of the world's most prominent investors on the Chinese market, I don't know who will be proved right in the end, but I am optimistic about China's prospects.
For starters, judging from current situation within the international financial market, excessive debt is forming risks worse than the brutal COVID-19 pandemic, but China has shown more restraint, making Chinese financial assets less dangerous for investing.
Taking a lead from the US Federal Reserve, many central banks in the world have been printing huge amounts of money to stimulate their debt-laden economies, which at the same time blows up bubbles in stock, property, and bond markets. Throughout history, excessive debt always leads to problems eventually. In 2008, we had a problem in the equity markets because of too much debt, but the debt level of the world is much higher now than it was then.
In 2009, China helped save the world economy more than any other country because it had a lot of money saved for a rainy day. As the US has become the largest debtor nation in the history of the world, China, which has been taking more prudent monetary policies and managed economic recovery less badly after put the epidemic under control, for me is a less bad place to invest right now.
Second, China's more than four decades opening-up is great for both China's and the global economy. As a foreign investor participating in the Chinese market for decades, an impressive thing I witnessed is that China has been opening its stock market. As China continues expanding opening-up especially for its financial sector, it is getting increasingly easier for international investors to invest in the market. For foreign investors who are interested, now there are a variety of options from shares through Hong Kong and its stock market to Chinese bonds and Chinese currencies.
Now the US has started to close off. It's a worrying trend because opening markets and opening societies have always been good throughout history. Closing off trade has never been good so let's hope China does not follow the US and continues opening. The more open the world is to international trade, including chips trade, the better off for all economies. The US in its history has copied many things from Europe and Japan.
American companies are not doing as well as many expected in sectors like 5G. The US is using politics to help to solve an economic problem, which is not the way the world is supposed to work. Can China outperform the US in technology competition? Maybe not today, but China trains thousands of engineers every year, many more than the US does. China is going to continue to make great strides and make great progress. The US will have problems competing in some areas, just like China will have some problems competing in some areas, but open markets will be better for the world.
Third, I've seen enormous positive changes in China and I expect to see more. Recently, there are different opinions on China's regulatory moves in its tech and other sectors in the West. But I agree with some of the things China had done. For instance, about 10 years ago, many companies in China were opening up internet loans that were not being checked. There were so many companies selling unregulated credit over the internet. I'm glad China has tightened regulation on the sector. It was a disaster waiting to happen. There still may be problems to come so I hope the controls work.
For starters, judging from current situation within the international financial market, excessive debt is forming risks worse than the brutal COVID-19 pandemic, but China has shown more restraint, making Chinese financial assets less dangerous for investing.
Taking a lead from the US Federal Reserve, many central banks in the world have been printing huge amounts of money to stimulate their debt-laden economies, which at the same time blows up bubbles in stock, property, and bond markets. Throughout history, excessive debt always leads to problems eventually. In 2008, we had a problem in the equity markets because of too much debt, but the debt level of the world is much higher now than it was then.
In 2009, China helped save the world economy more than any other country because it had a lot of money saved for a rainy day. As the US has become the largest debtor nation in the history of the world, China, which has been taking more prudent monetary policies and managed economic recovery less badly after put the epidemic under control, for me is a less bad place to invest right now.
Second, China's more than four decades opening-up is great for both China's and the global economy. As a foreign investor participating in the Chinese market for decades, an impressive thing I witnessed is that China has been opening its stock market. As China continues expanding opening-up especially for its financial sector, it is getting increasingly easier for international investors to invest in the market. For foreign investors who are interested, now there are a variety of options from shares through Hong Kong and its stock market to Chinese bonds and Chinese currencies.
Now the US has started to close off. It's a worrying trend because opening markets and opening societies have always been good throughout history. Closing off trade has never been good so let's hope China does not follow the US and continues opening. The more open the world is to international trade, including chips trade, the better off for all economies. The US in its history has copied many things from Europe and Japan.
American companies are not doing as well as many expected in sectors like 5G. The US is using politics to help to solve an economic problem, which is not the way the world is supposed to work. Can China outperform the US in technology competition? Maybe not today, but China trains thousands of engineers every year, many more than the US does. China is going to continue to make great strides and make great progress. The US will have problems competing in some areas, just like China will have some problems competing in some areas, but open markets will be better for the world.
Third, I've seen enormous positive changes in China and I expect to see more. Recently, there are different opinions on China's regulatory moves in its tech and other sectors in the West. But I agree with some of the things China had done. For instance, about 10 years ago, many companies in China were opening up internet loans that were not being checked. There were so many companies selling unregulated credit over the internet. I'm glad China has tightened regulation on the sector. It was a disaster waiting to happen. There still may be problems to come so I hope the controls work.
- Source, Global Times, read the full article here
Sunday, September 5, 2021
Wednesday, September 1, 2021
Jim Rogers sees threat of horrible bear market in 2022
- Source, The Economic Times
Subscribe to:
Posts (Atom)